The State Treasurer shall be the ex officio treasurer and custodian of the fund, and shall administer such fund in accordance with the directions of the department, and shall issue his warrants upon it in accordance with such regulations as the department shall prescribe. He shall maintain within the fund three (3) separate accounts: (a) a clearing account, (b) an unemployment trust fund account, and (c) a benefit account. All monies payable to the fund, upon receipt thereof by the department, shall be forwarded to the Treasurer, who shall immediately deposit them in the clearing account. Refunds payable pursuant to Section 71-5-383 may be paid from the clearing account upon warrants issued by the Treasurer under the direction of the department. Transfers pursuant to Section 71-5-114 of all interest, penalties and damages collected shall be made to the Special Employment Security Administration Fund as soon as practicable after the end of each calendar quarter. Workforce training enhancement contributions shall be deposited into the workforce enhancement training holding fund account as described in this section. All other monies in the clearing account shall be immediately deposited with the Secretary of the Treasury of the United States of America to the credit of the account of this state in the Unemployment Trust Fund, established and maintained pursuant to Section 904 of the Social Security Act, as amended, any provisions of law in this state relating to the deposit, administration, release, or disbursement of monies in the possession or custody of this state to the contrary notwithstanding. The benefit account shall consist of all monies requisitioned from this state's account in the Unemployment Trust Fund. Except as herein otherwise provided, monies in the clearing and benefit accounts may be deposited by the Treasurer, under the direction of the department, in any bank or public depository in which general funds of the state may be deposited, but no public deposit insurance charge or premium shall be paid out of the fund. The State Treasurer shall be liable on his official bond for the faithful performance of his duties in connection with the Unemployment Compensation Fund under this chapter. A Mississippi Workforce Training Enhancement Fund holding account shall be established by and maintained under the control of the Mississippi Department of Employment Security. The workforce training enhancement contributions collected pursuant to the provisions in this chapter shall be transferred from the clearing account into the Mississippi Workforce Training Enhancement Fund holding account on the same schedule and under the same conditions as funds transferred to the Unemployment Compensation Fund. Such funds shall remain on deposit in the workforce training enhancement fund account for a period of sixty (60) days. After such period, contributions will be transferred to the Mississippi Workforce Enhancement Training Fund by the Mississippi Department of Employment Security, within thirty (30) days. One such transfer shall be made monthly, but the department, in its discretion, may make additional transfers in any month. In the event such funds transferred are subsequently determined to be erroneously paid or collected, or if deposit of such funds is denied or rejected by the banking institution for any reason, or deposits are unable to clear drawer's account for any reason, the funds must be reimbursed by the recipient of such funds within thirty (30) days of mailing of notice by the Mississippi Department of Employment Security demanding such refund, unless funds are available in the workforce training enhancement fund holding account. In that event such amounts shall be immediately withdrawn from the workforce enhancement training holding fund account by the Mississippi Department of Employment Security and redeposited into the clearing account.
The State Treasurer shall be the ex officio treasurer and custodian of the fund, and shall administer such fund in accordance with the directions of the department, and shall issue his warrants upon it in accordance with such regulations as the department shall prescribe. He shall maintain within the fund three (3) separate accounts: (a) a clearing account, (b) an unemployment trust fund account, and (c) a benefit account. All monies payable to the fund, upon receipt thereof by the department, shall be forwarded to the Treasurer, who shall immediately deposit them in the clearing account. Refunds payable pursuant to Section 71-5-383 may be paid from the clearing account upon warrants issued by the Treasurer under the direction of the department. Transfers pursuant to Section 71-5-114 of all interest, penalties and damages collected shall be made to the Special Employment Security Administration Fund as soon as practicable after the end of each calendar quarter. Workforce training enhancement contributions shall be deposited into the workforce enhancement training holding fund account as described in this section. All other monies in the clearing account shall be immediately deposited with the Secretary of the Treasury of the United States of America to the credit of the account of this state in the Unemployment Trust Fund, established and maintained pursuant to Section 904 of the Social Security Act, as amended, any provisions of law in this state relating to the deposit, administration, release, or disbursement of monies in the possession or custody of this state to the contrary notwithstanding. The benefit account shall consist of all monies requisitioned from this state's account in the Unemployment Trust Fund. Except as herein otherwise provided, monies in the clearing and benefit accounts may be deposited by the Treasurer, under the direction of the department, in any bank or public depository in which general funds of the state may be deposited, but no public deposit insurance charge or premium shall be paid out of the fund. The State Treasurer shall be liable on his official bond for the faithful performance of his duties in connection with the Unemployment Compensation Fund under this chapter. A Mississippi Workforce Training Enhancement Fund holding account shall be established by and maintained under the control of the Mississippi Department of Employment Security. The workforce training enhancement contributions collected pursuant to the provisions in this chapter shall be transferred from the clearing account into the Mississippi Workforce Training Enhancement Fund holding account on the same schedule and under the same conditions as funds transferred to the Unemployment Compensation Fund. Such funds shall remain on deposit in the workforce training enhancement fund account for a period of sixty (60) days. After such period, contributions will be transferred to the Mississippi Workforce Enhancement Training Fund by the Mississippi Department of Employment Security, within thirty (30) days. One such transfer shall be made monthly, but the department, in its discretion, may make additional transfers in any month. In the event such funds transferred are subsequently determined to be erroneously paid or collected, or if deposit of such funds is denied or rejected by the banking institution for any reason, or deposits are unable to clear drawer's account for any reason, the funds must be reimbursed by the recipient of such funds within thirty (30) days of mailing of notice by the Mississippi Department of Employment Security demanding such refund, unless funds are available in the workforce training enhancement fund holding account. In that event such amounts shall be immediately withdrawn from the workforce enhancement training holding fund account by the Mississippi Department of Employment Security and redeposited into the clearing account.
The State Treasurer shall be the ex officio treasurer and custodian of the fund, and shall administer such fund in accordance with the directions of the department, and shall issue his warrants upon it in accordance with such regulations as the department shall prescribe. He shall maintain within the fund three (3) separate accounts: (a) a clearing account, (b) an unemployment trust fund account, and (c) a benefit account. All monies payable to the fund, upon receipt thereof by the department, shall be forwarded to the Treasurer, who shall immediately deposit them in the clearing account. Refunds payable pursuant to Section 71-5-383 may be paid from the clearing account upon warrants issued by the Treasurer under the direction of the department. Transfers pursuant to Section 71-5-114 of all interest, penalties and damages collected shall be made to the Special Employment Security Administration Fund as soon as practicable after the end of each calendar quarter. Workforce training enhancement contributions shall be deposited into the workforce enhancement training holding fund account as described in this section. All other monies in the clearing account shall be immediately deposited with the Secretary of the Treasury of the United States of America to the credit of the account of this state in the Unemployment Trust Fund, established and maintained pursuant to Section 904 of the Social Security Act, as amended, any provisions of law in this state relating to the deposit, administration, release, or disbursement of monies in the possession or custody of this state to the contrary notwithstanding. The benefit account shall consist of all monies requisitioned from this state's account in the Unemployment Trust Fund. Except as herein otherwise provided, monies in the clearing and benefit accounts may be deposited by the Treasurer, under the direction of the department, in any bank or public depository in which general funds of the state may be deposited, but no public deposit insurance charge or premium shall be paid out of the fund. The State Treasurer shall be liable on his official bond for the faithful performance of his duties in connection with the Unemployment Compensation Fund under this chapter. A Mississippi Workforce Training Enhancement Fund holding account shall be established by and maintained under the control of the Mississippi Department of Employment Security. The workforce training enhancement contributions collected pursuant to the provisions in this chapter shall be transferred from the clearing account into the Mississippi Workforce Training Enhancement Fund holding account on the same schedule and under the same conditions as funds transferred to the Unemployment Compensation Fund. Such funds shall remain on deposit in the workforce training enhancement fund account for a period of sixty (60) days. After such period, contributions will be transferred to the Mississippi Workforce Enhancement Training Fund by the Mississippi Department of Employment Security, within thirty (30) days. One such transfer shall be made monthly, but the department, in its discretion, may make additional transfers in any month. In the event such funds transferred are subsequently determined to be erroneously paid or collected, or if deposit of such funds is denied or rejected by the banking institution for any reason, or deposits are unable to clear drawer's account for any reason, the funds must be reimbursed by the recipient of such funds within thirty (30) days of mailing of notice by the Mississippi Department of Employment Security demanding such refund, unless funds are available in the workforce training enhancement fund holding account. In that event such amounts shall be immediately withdrawn from the workforce enhancement training holding fund account by the Mississippi Department of Employment Security and redeposited into the clearing account.
